Investors Will Wait And See After Thomas Djiwandono Become Deputy Minister Of Finance II

JAKARTA - Gerindra Party politician and Prabowo Subianto's nephew, Thomas Djiwandono officially became Deputy Minister of Finance II to accompany Finance Minister Sri Mulyani Indrawati in the Advanced Indonesia Cabinet.

Senior Indonesia Strategic and Economic Action Institutional analyst Ronny P Sasmita sees the market will wait and see first. Because Jokowi and Prabowo were not sure about the market response, so they gave a signal about a replacement figure for Sri Mulyani by including Thomas as Deputy Minister of Finance.

"Regarding the market response, I suspect I will wait and see first. Jokowi and Prabowo seem less confident in the market response, thus giving a signal about a replacement for SMI by placing Thomas in the position of Deputy Minister," he told VOI, Friday, July 19.

Ronny said that the positive market response would continue to be the interim Minister of Finance if it was not only as a quota.

"If the market response is positive, it is likely that it will become a minister. But if not, it may be only limited to Thomas' quota," he said.

As for the position of the new deputy minister, according to Ronny, the market will not be too affected because the market will wait and see and continue to seek certainty about the Minister of Finance after the Jokowi administration ends.

Similarly, the Director of the Digital Center of Economic and Law Studies (Celios) Nailul Huda assessed that the entry of Thomas Djiwandono as Deputy Minister of Finance II will make investors hold back their investments in order to wait for the certainty of who the Minister of Finance will be in the future during the administration of President-elect Prabowo.

"The presence of Thomas Djiwandono's name in the Deputy Minister of Finance made the SMI opportunity to sit in the ministerial chair in the future. Of course, this will make investors hold back their investments to wait for the certainty of who the Minister of Finance will be in the future," he said.

Huda assessed that if the Minister of Finance in the future is not Sri Mulyani, it will make investors even more worried about how bad it will be in managing state finances in the future.

"So, there will indeed be a negative effect if it is true that Thomas will sit in the chair of the Minister of Finance," he said.